Tag: digital banking

The Monetary Authority of Singapore (MAS) has rejected eight out of the 21 digital banking applications submitted by the beginning of the year, but more are heading for the chopping block.

Mexican digital bank Stori has collected $10m in its Series A2 funding round which was co-led by Bertelsmann Investments (BI) and Source Code Capital.

Challenger banks had already started a revolution in digital banking, but with the coronavirus pushing these changes to become permanent it could mean that one in four European bank branches will be forced to close by 2023.

Adaptive challenger bank Quontic has signed a new deal to boost its customers’ experience with banking technology firm MANTL. With the coronavirus plaguing the economy, the news could potentially not be more timely.

With the public terrified of the COVID-19 (coronavirus) pandemic, it leaves a space for fake news to fester. Rumours surfaced earlier today on Twitter with people questioning whether UK challenger bank Revolut was close to going bust.

Singaporean FinTech is popping. A slew of international players has noticed and has jumped on the opportunity to cut out a slice of the pie for themselves.

Spanish challenger bank MyInvestor has scored €20m in a new funding round on the back of a successful year of growth.

Bank Negara Malaysia has updated its licensing framework for digital banks and is planning on issuing up to five new licenses to qualified applicants.

Digital banking platform Omnio Group has reportedly raised €15m in the first close of a private placement.

The European Islamic banking marketplace is still young but there is a need for digital-first online banking services, insha founder Yakup Sezer told FinTech Global.